4 Things To Include In Every Construction Contract
When drafting a construction contract, it is vital to clearly state the nature of the job and the general scope of the project. The contract should also specify any materials used and identify specific brands of these materials. Plumbing contracts, for example, should include the location of all fixtures and specific brand identification. Finally, the contract should include what is not included, such as any excluded items. This article will give you tips for drafting a construction contract that addresses each of these items. Visit this site now to find the right building contracting companies in Dubai for your project.
Time is of the essence clause
When is the time of the essence? Time is of the essence when a contract is made, but the clause doesn’t have to be written expressly. A clause can be implied by setting a specific date, or it can relate to a part of the work or an obligation. The purpose of a time are of the essence clause is to enforce the contractor’s performance time. Often, the contractor can breach the time-of-essence clause by not following instructions.
Identifying the property
In a construction contract, the parties must agree to identify the property and its legal description. The legal description should include the location and address of the property. If the property is a condo, it should also include the unit number, if available. Identifying the property should also include the percentage ownership if the taxpayer is buying less than a 100% interest in the property.
Job description
Creating a job description for a construction contractor can be an effective way to attract the best candidates. This document will outline the scope of work, material and labor requirements, and the contract’s duration. In addition, a job description will eliminate any potential misunderstandings during the construction process. This document will help both the client and contractor understand their responsibilities and minimize the risk of disputes.
Payment due dates
A construction contract should be clear about the date by which payments become due. Unless the contract is silent on this issue, the payment due date will be a week after the completion date. Alternatively, the main contractor will require payment upon the completion of the work. If the latter is the case, the payment due date may be a few days, weeks, months, or even years after completion. A construction contract that is silent on payment due dates is lucky indeed since the construction process is often fairly straightforward to map out.